By Kathy Pang on August 3, 2012
Faculty Pension Plan members will receive their 2012 Second quarter newsletter and statement packages starting in the first week of August.
In this issue of the Pension News:
- RRIF and LIF-Type Payment Options
- Recap of the Pension Forum
- What’s new on your Member Statement
- And more…
By Breeonne Baxter on July 18, 2012
Each year, the President’s Office and Human Resources welcome UBC staff to the new academic year with the Welcome Back Staff BBQ (Vancouver campus). Held in September and produced by Ceremonies & Events, the event is a wonderful opportunity to enjoy a complementary lunch, live entertainment, information booths, and the camaraderie of your UBC staff colleagues.
This year’s Staff Welcome Back Staff BBQ is on Wednesday, Sept. 12, 2012, 11:30 am – 1:30 pm
Location: Flag Pole Plaza [map]
Parking: Rose Garden Parkade [map]
Register for the BBQ with your department contact before Aug. 17, 2012.
If you registered for the BBQ, you will receive your lunch wristband from your department contact in advance of the event. If you missed registration and would like to attend, please bring your UBC Card with you to the registration booth on the day of the BBQ. A limited number of wristbands will be available at the registration booth for those who hold UBC staff appointments.
See you at the BBQ!
By Kathy Pang on May 14, 2012
The UBC Faculty Pension Plan has expanded its investment options to include Guaranteed Investment Certificates (GICs). Plan members may invest in any of the five investment funds and now in GICs as well. For information on this new investment option, please visit the Guaranteed Investment Certificates page on the Plan’s website.
By Kathy Pang on May 7, 2012
Staff Pension Plan members will receive their May 2012 issue of the Staff Pension Plan Update newsletter in early May. Active and Deferred members of the Plan will also receive their annual statement with their newsletter.
In this issue of the SPP Update:
- 2011 Year In Review
- Reading your SPP Annual Statement
- 2011 Investment Review
- Your invitation to the SPP Pension Fair
View the May Update Newsletter
By Kathy Pang on May 1, 2012
The Faculty Pension Plan‘s 2011 Annual Report is online. This year’s report includes yearly membership and financial statistics, fund and investment managers’ rates of return, a market commentary, and the 2011 financial statements. Please also see the section on the Plan’s newest member event – the FPP Pension Forum. This event is a great opportunity for members to learn more about their pension plan and other UBC resources available for Faculty.
View the FPP 2011 Annual Report.
By Kathy Pang on February 17, 2012
UBC Faculty Pension Plan members will have received their Q4/11 newsletter and statement packages starting in the second week of February.
In this issue of the Pension News:
- Investment Market Review of 2011
- Market Commentary
- Update on the FPP GICs
- FPP Pension Forum
- RRSP Information for 2012
- Fund Performance and Composition
- And more…
By Breeonne Baxter on December 21, 2011
The following benefit premium rates for UBC employees will be changing effective Jan. 1, 2012:
- Medical Services Plan (MSP)
- Employee and Spousal Optional Life
- Disability Benefit Plan for the “Other” Subgroup
- Disability Benefit Plan for Management & Professional Staff
- Income Replacement Plan for Faculty
- Extended Health and Dental Care for Sessional Faculty Under 50% Time
Medical Services Plan (MSP)
Premium rates for the provincial Medical Services Plan (MSP) are increasing, effective Jan. 1, 2012. UBC Employees who pay their MSP premiums through payroll deduction will see the increased cost on their Dec. 31, 2011 paycheque.
The new premiums will increase by $3.50 per month for individuals and $7 per month for couples and families. The new rates are:
- Single: $64
- Couple (family of two): $116
- Family (family of three or more): $128
The UBC employer and employee cost-sharing percentages for calculating MSP premium deductions will remain unchanged. For example, employees who pay 75% of the MSP monthly premium will continue to pay 75% of the new premium rate. Please note that MSP deductions are taken one month in advance, so employees who pay the full or partial cost will see the increased deduction on their Dec. 31, 2011, paycheques.
For a detailed list of the adjusted monthly rates by employee group and premium cost-sharing arrangement, please visit the UBC Human Resources Benefits Premium Rates page.
Employee and Spousal Optional Life
Effective Jan. 1, 2012, the UBC Employee and Spousal Optional Life premium rates will decrease by approximately 5%. Employees who are enrolled for Optional Life will the lower premium on their Dec. 31, 2011, paycheque (premiums are taken one month in advance). For more information, please review the UBC Human Resources Memo that was sent to employees affected by the change.
Disability Benefit Plan for the “Other” Subgroup
Effective Jan. 1, 2012, the Disability Benefit Plan premium rate for the “Other” subgroup will increase to 0.867% of monthly earnings. For more information, please review the UBC Human Resources Memo that was sent to employees affected by the change.
Disability Benefit Plan for Management & Professional Staff
Effective Jan. 1, 2012, the Disability Benefit Plan premium rate for Management & Professional Staff will decrease to 1.346% of monthly earnings. For more information, please review the UBC Human Resources Memo that was sent to Management & Professional Staff affected by the change.
Income Replacement Plan for Faculty
Effective Jan. 1, 2012, the Income Replacement Plan for Faculty moves to the fully-insured arrangement. There is also a new formula to calculate the monthly disability benefit for new claimants and a decrease to the premium rate to 0.65% of monthly earnings. For more information, please review the UBC Human Resources Memo that was sent to Faculty Members, Academic Executives and Staff High Earners affected by the change.
Extended Health and Dental Care for Sessional Faculty With Appointments Under 50% Time
Effective Jan. 1, 2012, the Extended Health and Dental Care premium rate for Sessional Faculty Under 50% will increase by 2% for Extended Health and 5% for Dental Care. For more information, please review the UBC Human Resources Memo that was sent to Sessional Faculty affected by the change.
If you have any questions or concerns about these changes, please contact firstname.lastname@example.org.
By Breeonne Baxter on December 20, 2011
All outstanding 2010 extended health claims must be received by Sun Life no later than Dec. 31/2011 to receive reimbursement.
Submit a claim
Use the fillable PDF version of the extended health care claim form for your employee group, and attach your receipts. Make a copy of your claim for your records, then send the original to Sun Life at the address on the form.
To submit a claim online, login to the Sun Life Members website using your Access ID and select “My Claims” to submit an e-claim. If you don’t have an Access ID, contact Sun Life at 1-800-361-6212 to sign up.
By Breeonne Baxter on December 15, 2011
Most of the HR office functions will be closed over the holiday break (Dec. 28-30). We will have an HR Associate and an HR advisor available during office hours via the HR Service Centre telephone number, 604-822-8111.
Compensation: Voicemail will be available at 604-822-2481.
Faculty Relations: The office will be closed over the holiday break. Voicemail can be left at the FR Reception Desk, 604-827-1010.
Pensions: The office will be closed from 12:00 p.m. on Dec. 23 to Jan 2.
Staff Finders: The office will be closed over the holiday break. Voicemail during that time can be left with the Placement Coordinator, 604-822-8107.
Any packages or deliveries can be left with Financial Services, 305 – 2075 Wesbrook Mall (General Services Admin Building).
We will re-open Jan. 3, 2011 at 8:30 a.m.
For general Human Resources information and to apply for jobs online, please visit our website.
By Breeonne Baxter on October 18, 2011
Expecting an addition to your family? We have a step-by-step guide to taking a maternity, parental or adoptive leave at UBC available on our website.
The step-by-step instructions will guide you through the following processes:
- notifying your Department of your leave;
- requesting a Record of Employment;
- applying for Employment Insurance (EI) benefits available from Service Canada;
- applying for UBC Supplemental Employment Benefit (SEB) top-up;
- maintaining your benefits while on leave; and
- enrolling your newborn on the UBC benefits plans.
For further information, please visit the Leaves section of the UBC Human Resources website and click on the maternity, parental or adoptive leaves section for your particular employment group.
If you have any questions, or you have feedback on the guide itself, please contact HR Benefits Analyst Stephanie Mah at email@example.com.